Pigs At The Trough at Davos

Billionaire wags finger at middle class “lifestyle expectations”

Billionaire Jeff Greene, who made his fortune as a real estate developer and from fraudulent mortgage securities, told a reporter at this week’s Davos, Switzerland, economic summit that “America’s lifestyle expectations are far too high and need to be adjusted so we have less things and a smaller, better existence.”

Photos: Jeff Greene and some of his personal possessions including his Florida retreat, his California vineyard, his yacht (damaged from parking it atop a world heritage coral reef), his home theater and wine cellar,

Prescott Bush and Hitler who was financed by Bush, George Herbert Walker, J.P. Morgan, Henry Ford from 1924 onward including throughout World War II . Hitler wrote in Mein Kampf that this funding in 1924 was critical to the survival of the Nazi movement.

The “Dharma Wheel” of Capitalism. With each of the imperatives a necessary but not sufficient condition of the next. Note contradiction between production versus realization of surplus value as all costs are incomes and as incomes and wealth are increasingly unequally distributed. It is called the “Henry Ford Effect”: Mass production and “efficiency” require mass demand and markets and those who produce the commodities able and willing (real incomes + “tastes and preferences”) to buy. The way out, those who rule think, in the short-run, anyway is rising Debt. Note also the contradiction between the values necessary for the production of maximum possible surplus value (workplace cohesion and cooperation, discipline, focus, constant learning) or/versus those required of the same workers as “insatiable consumers” willing to undertake back-breaking debt (e.g. egoism, ultra-individualism, impulsive, unable to delay gratification, fad and peer-influenced,)